Tesla Model S price hike incoming, current reservations can dodge the increase

Just two weeks after announcing its expectations to become cash flow positive, Tesla's clued us into an upcoming price hike for the Model S. The word is mum regarding a reason for the change and how much more customers will have to pony up for the award-winning EV, but Musk and Co. are planning to reveal more details within the next two to three weeks. As part of the price increase, the automaker will be tweaking Model S package options, making some standard features optional going forward. Model S enthusiasts with reservations will remain unaffected by the price and package changes so long as they configure and finalize their cars "within a fair, predefined timeframe" before the heftier price tag goes into effect. Likewise, those who've deferred their reservations will have a similar period of time to finalize their order and escape the higher asking price.

[Thanks, Jarrod]